Parallel channel breakout

Target : 172/200/ATH

SL: 118 (closing basis)


Reason : The government announced the framework for the implementation of Market-based Economic Despatch – Phase 1, a new set of reforms that will nudge the power sector away from power purchase agreements towards market-based price formation.

The move is a shot in the arm of power exchange platform Indian Energy Exchange, as it is likely to see a surge in volume of spot power traded on its platform in the coming years. The move would also be beneficial for the state-owned